Spurs failed with a £15m bid over the summer, but QPR believe that they can snatch him for around half of that figure, with the player keen to play in the Premier League.
Redknapp is likely to receive substantial backing from the Loftus Road-based outfit’s board this January, as they look to avoid relegation to the second tier.
M’Vila, 22, is thought to be high on ‘Arry’s list of targets, as the former Portsmouth and Southampton coach looks to bolster his squad.
It’s unclear as to whether Arsenal or Tottenham will reignite their interest in the holding midfielder, which could play into QPR’s hands.
M’Vila is widely regarded as one of the finest talents in his home nation and has been capped 22 times at senior international level.
Meanwhile, The London club are said to be preparing a swoop for former Chelsea star Nicolas Anelka.
The striker is reportedly unsettled at new club Shanghai Shenhua and clould be allowed to leave.
West Ham are also tracking the 33-year-old.